Which among the following is a incorrect statement:
[A] The Reserve Bank of India has the special powers to control and regulate the commercial banking system
[B] A rise in the bank rate is a strong anti-deflationary monetary tool
[C] Minimum Reserve Requirements are fixed to ensure the liquidity and solvency of individual commercial banks
[D] Reserve Ratio Requirement is a quicker method than bank rate and OMO (Open Market Operations) in general credit regulations

Show Answer

Advertisement

Kindly help us to keep GKToday updated and error free. Use this form to report error or outdated information in questions. We shall rectify asap...